Correlation
The correlation between FAHYX and FAGIX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FAHYX vs. FAGIX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and Fidelity Capital & Income Fund (FAGIX).
FAHYX is managed by Fidelity. It was launched on Jan 5, 1987. FAGIX is managed by Fidelity. It was launched on Nov 1, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAHYX or FAGIX.
Performance
FAHYX vs. FAGIX - Performance Comparison
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Key characteristics
FAHYX:
1.08
FAGIX:
1.15
FAHYX:
1.42
FAGIX:
1.51
FAHYX:
1.20
FAGIX:
1.22
FAHYX:
1.02
FAGIX:
1.05
FAHYX:
3.85
FAGIX:
3.96
FAHYX:
1.83%
FAGIX:
1.92%
FAHYX:
6.97%
FAGIX:
7.05%
FAHYX:
-48.78%
FAGIX:
-37.80%
FAHYX:
-0.58%
FAGIX:
-0.65%
Returns By Period
The year-to-date returns for both investments are quite close, with FAHYX having a 1.75% return and FAGIX slightly higher at 1.80%. Over the past 10 years, FAHYX has underperformed FAGIX with an annualized return of 5.84%, while FAGIX has yielded a comparatively higher 6.19% annualized return.
FAHYX
1.75%
2.14%
0.70%
7.06%
6.88%
8.20%
5.84%
FAGIX
1.80%
2.21%
0.71%
7.61%
7.31%
8.53%
6.19%
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FAHYX vs. FAGIX - Expense Ratio Comparison
FAHYX has a 0.99% expense ratio, which is higher than FAGIX's 0.67% expense ratio.
Risk-Adjusted Performance
FAHYX vs. FAGIX — Risk-Adjusted Performance Rank
FAHYX
FAGIX
FAHYX vs. FAGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and Fidelity Capital & Income Fund (FAGIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
FAHYX vs. FAGIX - Dividend Comparison
FAHYX's dividend yield for the trailing twelve months is around 4.24%, less than FAGIX's 4.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHYX Fidelity Advisor High Income Advantage Fund Class M | 4.24% | 4.70% | 4.86% | 7.87% | 5.00% | 3.48% | 4.26% | 5.74% | 4.68% | 4.53% | 5.05% | 4.22% |
FAGIX Fidelity Capital & Income Fund | 4.51% | 5.03% | 5.29% | 11.38% | 6.56% | 4.88% | 5.00% | 7.39% | 5.05% | 4.12% | 5.01% | 8.08% |
Drawdowns
FAHYX vs. FAGIX - Drawdown Comparison
The maximum FAHYX drawdown since its inception was -48.78%, which is greater than FAGIX's maximum drawdown of -37.80%. Use the drawdown chart below to compare losses from any high point for FAHYX and FAGIX.
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Volatility
FAHYX vs. FAGIX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class M (FAHYX) has a higher volatility of 1.96% compared to Fidelity Capital & Income Fund (FAGIX) at 1.85%. This indicates that FAHYX's price experiences larger fluctuations and is considered to be riskier than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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